Anixter to sell Aerospace Divison to Greenbriar Equity

Anixter International Inc. , Glenview, Ill., plans to sell its Aerospace Hardware Division to entities controlled by Greenbriar Equity Group LLC. Under the terms of the agreement, Anixter will receive $155 million in cash, subject to a net working capital adjustment, and up to an additional $30 million if certain milestones are achieved on or before December 31, 2013.

Details